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Millie invest £12,000 in the savings account that account pays 3.5% compound interest interest per year work out the value of her investment after two years



Answer :

Answer:

to find interest,=£2820

Step-by-step explanation:

simple interest(I)=(principal(p)×time(t)×rate(r))÷100%

p=£12,000

t=2 year

rate=3.5%

I=(12000×2×3.5)/100

I=£2820

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